USD/JPY Rate to Track Treasury Yields Ahead of US PCE Report
USD/JPY appears to be tracking the recent advance in US Treasury yields as it retraces the decline from the yearly high (136.71).
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USD/JPY appears to be tracking the recent advance in US Treasury yields as it retraces the decline from the yearly high (136.71).
Developments coming out of the US may influence USD/JPY over the coming days as Chairman Jerome Powell is scheduled to testify in front of Congress.
The Relative Strength Index (RSI) warn of a larger pullback in USD/JPY as the oscillator falls back from overbought territory to indicate a textbook sell signal.
Looming developments in the Relative Strength Index (RSI) may warn of a larger pullback in USD/JPY if the oscillator falls below 70 to indicate a textbook sell signal.
USD/JPY may attempt to break out of a bull flag formation if the Federal Reserve starts to scale back monetary support.